Day: September 19, 2017

The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks poised to extend a recent upward move. Stocks may continue to benefit from recent upward momentum, with traders shrugging off a recent batch of disappointing economic data. Trading activity may be somewhat subdued, however, as traders may be reluctant to make significant moves ahead of...
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This week brings us the latest Federal Market Open Committee (FOMC) two-day meeting, where Fed presidents from regions across the U.S. meet with Fed Chair Janet Yellen to discuss and decide on monetary policy. The participants convene tomorrow, and by Wednesday afternoon we look forward to a press conference with Yellen regarding any changes being made. Literally no one expects...
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Oil prices are at their highest levels in months on the back of strong demand and some key supply outages around the world. But the next price movements are unclear, as is the response from U.S. shale. As the International Energy Agency (IEA) noted last week, global oil supply fell in August by about 720,000 bpd—a large contraction after months of sizable...
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When it comes to stocks, there’s no arguing that our market is a forward-looking machine. But all too often, investors fail to look past relatively short time frames, focusing the bulk of their attention on what might happen in the coming quarters, weeks, months, or even days. The largest fortunes, however, will be made by those who invest with much...
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By Avi Gilburt, ElliottWaveTrader.net Back in mid-July, we called for the market to top within 3 weeks between 2487-2500. And, 3 weeks later, the market topped at 2490SPX within one day of the topping date we expected. And, since we struck that high, the market has followed through in an almost textbook fashion for the entire month of August, as we...
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Ford Motor Company (NYSE: F) and Indian automaker Mahindra and Mahindra (NASDAQOTH: MAHMF) have announced a new alliance. The two have agreed to work together on a number of initiatives that could help Ford, which had considered leaving India, to gain a better foothold in a country that’s set to become the world’s third-largest new-vehicle market. Right now, Indian consumers...
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Keeping track of the news out of Washington is a challenge. Unfortunately, many actions taken in recent months seem almost targeted toward making America’s retirement crisis even worse. From threatening draconian cuts to Medicaid — which millions of seniors rely on to cover long-term care costs — to stopping states from helping boost residents’ retirement savings, lawmakers have been busy...
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The last several years has been something of a renaissance for graphics processing units (GPUs). Once merely the domain of hardcore gamers, the humble processor has found a home in the growing trend of artificial intelligence (AI). The same number-crunching acumen used to render graphics was found to be equally adept at training AI systems. Advanced Micro Devices (NASDAQ: AMD)...
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The Priceline Group Inc. (NASDAQ: PCLN) has been one of the best-performing stocks in the market over the last decade. The leading online travel agency has surged more than 2,000% over the last 10 years thanks to some smart acquisitions, but it wasn’t always that easy. Priceline, which began life during the dot-com era as priceline.com, famous for its name-your-price...
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The People’s Bank of China (PBoC) is holding a meeting on Tuesday to discuss a raft of reforms which would give foreign investors greater access to the financial services industry in the world’s second biggest economy. Here’s the South China Morning Post with the details : The People’s Bank of China will convene an internal meeting on Tuesday to discuss its...
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